A new analysis of Bitcoin price movements in the cryptocurrency market suggests that the bottom of the current cycle could occur in the last quarter of the year.
According to an assessment shared by Joao Wedson, CEO of data analytics company Alphractal, Bitcoin’s latest peak occurred 534 days after the halving.
Wedson emphasized that this period is the shortest peak formation period to date, falling below the 546-day period recorded in the previous cycle. According to the analyst, the increasing shortening of peak formation periods in Bitcoin cycles is noteworthy, and this provides important clues about the timing of bottom formation.
en.bitcoinsistemi.com